Lawmaker demands accountability for Treasury JD8.7m loss

Zaid Otoum
An undated photo for Lower House Energy Committee chairman, Zaid Otoum. (Photo: Jordan News)
AMMAN — Lower House Energy Committee chairman, Zaid Otoum, demanded that those who caused the Treasury’s loss of an estimated JD8.7 million must be held accountable, following the arbitration case filed by a power company, according to Jo24.اضافة اعلان

Agreements signed by the government with power generating companies requires the government to pay compensation in the event of modifying the electrical tariff, as any tariff change would affect the companies’ profits. He added that the government has recently rebalanced power prices and introduced the fuel price-difference clause, which the related companies said was in violation of the signed agreement and thus requested JD1.4 million in compensation and won the case.

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